News Archive for November 2016

Energy bills are a mounting cost for Aussie households, but finding a better deal among all the marketing jargon is rarely easy. To help solve that problem, Mozo has developed a free energy comparison tool that identifies the best value plans in your postcode.

The big news over the last few weeks has been around how smaller home loan lenders have increased their fixed rate home loans, while the Reserve Bank has left the cash rate unchanged at 1.50%.

Low income Aussie households who qualify for and seek out energy concessions could save hundreds of dollars every year, an Australian Energy Regulator report has found.

Digital wallet users who prefer making cheque and savings payments may have the ability to Tap & Pay via eftpos with their smartphones next year, the payment provider announced yesterday.

The annual Mozo Experts Choice Awards winners were announced today, crowning Police Credit Union as Lender of the Year for consistent value across award categories.

Properties in Sydney and Melbourne have nothing on Hobart, at least according to some property investment experts, who feel the city's low rental vacancy rates and economic growth make it an investor’s paradise.

Citibank has partnered with MasterCard to introduce its own stand-alone digital wallet app, called Citi Pay.

There have been a couple of interesting developments in the land of Australia’s Cheapest Weddings since this time last week.

With self-driving cars right around the corner for Australia, insurers have thrown their support behind a plan to overhaul traffic rules and car insurance cover to redefine what constitutes a “driver”, reported The Australian.

Shoppers have been urged to prep their credit cards for one of the biggest cyber sales of the year, Click Frenzy Go Wild, dubbed as Australia’s 24 hour answer to Alibaba and Amazon.

Citibank will soon be the first Aussie bank to stop dealing in notes and coins entirely and go completely cashless, according to Business Insider.

In the next installment of the smashed avo saga, research from the Experian credit bureau has revealed that Gen Y is racking up more debt than they can handle. Not only are young Aussies spending frivolously, it seems, they’re also using credit unwisely.

IT’S BACK.

If Aussies haggled on common life expenses like financial products and utility bills, they could save an average of $1,547, research commissioned by Mozo has revealed.

Driverless cars, better data usage and the rising popularity of car sharing are set to drive car insurance premiums down by up to 80% according to a study from Boston Consulting Group (BCG) and Morgan Stanley.

Aussies are self-proclaimed tightwads fixated with skimping on fashion and food because of the instant gratification it gives them, according to a consumer behaviour report.

A coalition of 17 industry leaders has today presented to the Federal Government a blueprint, dubbed Our Energy Future, to drive Australia toward clean energy and renewables.

Sydney recorded its lowest auction clearance rate in six-weeks over the weekend, but prices remain high, and are tipped to push even higher in 2017.

The lucrative term deposit interest rate hikes of up to 0.85% introduced by Australia’s biggest banks following August’s RBA rate cut have been short lived, as a large number of top rates were reduced last month, according to Mozo data.

The countdown to Christmas 2016 has begun whether you (and your bank balance) like it or not. And if you think this means you’ve run out of time to get your finances in ship shape, think again. We’ve rounded up some of our favourite money-savings hacks that will help you to bulk up your savings in time for Santa’s arrival.

Home loan interest rates went rogue last month, when 13 lenders cut variable rates on their mortgages, despite the RBA cash rate remaining stable since August.

It’s no secret that everyone uses their credit card differently - every day or only on special occasions, for big ticket buys or everyday shops, for the convenience or for rewards points - there’s a different method to everyone’s spending style.

Shoppers looking for a straightforward and cost-effective credit card for their spending now have another option available to them, after Police Credit Union launched its new SoLo credit card, with the lowest purchase rate in the market.

Property investors may be better off turning their sights to other capital cities in Australia, as the Sydney property market cools and short-term growth prospects wane, according to a new report from Momentum Wealth.

The Reserve Bank have kept interest rates on hold at 1.50% again in their Melbourne Cup day announcement, following stronger than expected third-quarter inflation numbers.

November is Shop Small month, a chance for Aussie shoppers to enjoy cashback offers on their AMEX cards, while supporting local small business.